Bengaluru-based PlaySimple Video games has filed draft papers with the Securities and Alternate Board of India (SEBI) to lift as much as Rs 3,150 crore via an preliminary public providing (IPO).

The proposed situation shall be solely a suggestion on the market (OFS) by MTGx Gaming Holding AB, a subsidiary of Sweden-based Fashionable Instances Group MTG AB.

Consequently, the proceeds from the providing will go to the promoting shareholder fairly than the corporate itself. PlaySimple’s shares are anticipated to be listed on the Nationwide Inventory Alternate (NSE) and the Bombay Inventory Alternate (BSE).

The ultimate measurement of the providing could differ and shall be decided nearer to the launch date, which has not but been introduced. Half of the difficulty has been reserved for certified institutional consumers, whereas 35% shall be allotted to retail buyers and 15% to non-institutional buyers.

Axis Capital, JP Morgan India and Morgan Stanley India have been appointed as lead managers, with MUFG Intime India performing as registrar.

Based in 2014, PlaySimple develops informal cellular video games and operates a portfolio of 30 reside titles throughout classes together with phrase video games and puzzles.

Common titles embrace Phrase Search Explorer, Every day Themed Crossword and Phrase Journey. Its video games can be found in additional than 110 nations, spanning North America, Europe and Asia.

The startup reported roughly 4.99 million each day energetic customers as of 31 December 2025, with cumulative downloads of 424.61 million since 2015. Whole downloads rose to fifteen.02 crore within the 2025 monetary 12 months, in contrast with 7.15 crore the earlier 12 months.

Financially, income elevated to Rs 2,259.82 crore in FY25 from Rs 1,876.86 crore a 12 months earlier. Nonetheless, web revenue declined to Rs 359.03 crore from Rs 521.19 crore.

“We’re a extremely data-focused firm and proceed to innovate and experiment with consumer acquisition and monetisation methods to focus on a optimistic lifetime worth to price per set up ratio,” PlaySimple stated.

The startup was acquired by MTG for greater than $360 million in 2021 and is at the moment led by Yoav Ecker as managing director and CEO. Not one of the unique founders stay with the enterprise.

MTGx Gaming Holding AB holds greater than 97% of PlaySimple earlier than the IPO, whereas mum or dad firm MTG has stated it intends to stay a majority proprietor after the supply.